Summary

Data source: U.S. Energy Information Administration, Short-Term Energy Outlook , November 2026 After decades of decline , crude oil production in Alaska is growing, driven by two projects on Alaska’s North Slope. In our latest Short-Term Energy Outlook , we expect a 23,000 barrels per day (b/d) (6%) increase in 2026, followed by a 60,000 b/d (13%) rise in 2027. At a forecast 505,000 b/d in 2027, output would be the most since 2014.

AI summaries can be wrong sometimes—always verify important details using the source article.